Photo - visionAI
61120

visionAI

South Africa
Market: Light industry, Production, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 30.11.2023
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Idea

visionAI is a software-as-a-service company that applies visual AI intelligence to existing factory cameras to dramatically increase production efficiency and reduce operational risk

Current Status

We closed our first seed round in February 2023, and have more than doubled our MRR and pipeline since. We have enough evidence from the market that the problem we solve is pervasive, massive and previously unsolvable, and believe that the time is now to accelerate at scale

Problem or Opportunity

Most labour-intensive and machine-intensive manufacturing facilities run at a low productivity rate, caused by factors that they are blind to; that no sensor can show. You can't control what you can't see and measure, and complex human and machine interactions that are hidden from view cause production losses and high risk scenarios.

Solution (product or service)

We elevate existing CCTV cameras to advanced, muti-purpose sensors to see into the manufacturing process, highlighting business-critical activity that was previously hidden and causes losses and risk, using advanced AI and a no-code, customer-driven SaaS solution

Business model

We are a cloud-based, SaaS business. Customers subscribe to the platform, initially on a month-to-month basis until the case is proven, and then on annual subscription.
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